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Fox News
Source: Fox News
21 HrsFox News
Source: Fox News
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Nvidia CEO Jensen Huang announced plans to reset expectations regarding the company's gross margins, acknowledging increased costs and product repricing that will lower margins to around 72-73%. Despite this, Nvidia reported strong earnings exceeding expectations and projects revenue surpassing $96 billion in the next fiscal year. Huang emphasized the company's role in creating numerous jobs across the tech industry, though he noted a global shortage of skilled workers to meet demand.
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